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Minutes of the Board of Directors Meeting

of
[Name of Corporation], a [State of Incorporation]Corporation

A Board of Directors meeting


was held on this date and time: [Date and Time of Meeting]

A quorum of the following


directors were present: [Name(s) of Directors Present at Meeting]

The following directors were


absent: [Name of Absentee Directors]

Other attendees were as


follows: [Name of other Attendees at Meeting]

Unless otherwise noted, the Board of Directors voted unanimously on the following:

1. Board of Directors Elected Officers and Appointed an Agent for Service: The Board
of Directors elected the following people to serve as corporate officers until the next
annual meeting:

President: [Name of President]


Chief Financial Officer: [Name of Chief Financial Officer]
Secretary: [Name of Secretary]
Other officers: [Name of Other Officers]

The following person was designated Agent for Services: [Name of Agent for Service]

2. Operating Results: As of the most recent quarter-end, the Corporation’s profit was:

$[Profit for Quarter] for the quarter


$[Profit Year to Date] year to date.

3. Dividends: The Directors authorized $[Amount of Dividend per Share (ie. $25.00)] per
share to be paid as dividends for shareholders of record as of [Record Date of Dividend
(ie. July 31, 2002)]. An exhibit was attached showing the shareholders or record, number
of shares held, dividends payable, and the date to be paid (or previously paid).

4. Major Expenditures and Salary Changes: The Directors discussed and authorized the
following major expenditures and salary changes for officers or directors [Individual
directors abstained from voting on any issue that benefited them personally]:
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[List Major Expenditures and Salary Changes for Officers and Directors]

5. Significant Agreements: The Directors discussed and authorized the officers to execute
agreements which are substantially in the form attached to these minutes as Exhibit(s)
[List Exhibits Attached to Minutes or State "None"].

6. Other Business:

[List and Describe any other Business which was Transacted at Meeting]

7. Adjournment. After conducting the above business, the Directors voted to adjourn the
meeting.

Approved
Secretary President

Absentee Directors. All absentee Directors have indicated their approval of the transactions
conducted at this meeting by signing below or attaching a signed Waiver of Notice and Consent
to these minutes.

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